Shares of POET Technologies Inc. (OTCMKTS:POETF – Get Free Report) were up 7.8% during mid-day trading on Tuesday . The stock traded as high as $8.65 and last traded at $8.41. Approximately 12,887,498 shares changed hands during trading, an increase of 8,550% from the average session volume of 148,995 shares. The stock had previously closed at $7.80.
POET Technologies Stock Performance
The stock has a market capitalization of $3.07 billion, a P/E ratio of -168.20 and a beta of 0.81. The firm has a 50-day moving average price of $7.91 and a 200 day moving average price of $9.12.
POET Technologies Company Profile
POET Technologies Inc develops photonic and optoelectronic components for high-speed communications, artificial intelligence infrastructure, data centers and telecommunications networks. The company’s technology is designed to combine optical and electronic functions in compact, energy-efficient solutions that support the movement of large volumes of data.
Its core technology platform, the POET Optical Interposer, integrates optical devices, electronic components and fiber-optic connections on a single package.
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